Paysafecard was originally founded in Vienna, Austria in the year 2000 and enjoyed very fast growth in the European region thanks to its unique setup that bypassed the need for traditional banks and credit card companies to make online purchases.
Paysafecard’s expansion would see the company acquiring competing prepaid card services Ukash and Wallie, eventually consolidating its power to become the largest prepaid card network in Europe. They would later be bought out by Skrill to rebrand into the Paysafe Group, which is the company we now see today.
Paysafecard is a pre-paid payment solution that provides enhanced protection for financial transactions completed online. Because your financial information is never sent to other sites, this choice is completely safe and sound. In addition, gamers may save all of their codes in one location using the free mobile app that is available for iOS and Android devices. Payments may be done through QR codes straight from inside the applications themselves while using a mobile device.
As you can probably tell from the name, making deposits with Paysafecard is done through prepaid cards, which you can buy at physical retail establishments across Canada with denominations ranging from C$10 to C$100. After that, you are able to claim them to make deposits at reputable online casinos.
Paysafecard prepaid cards can be thought of like credit cards that store a fixed monetary value that you can use to pay for online purchases; as such, you can make deposits with these cards but not withdrawals.
Paysafecard is basically an online, prepaid payment method. Like other digital prepaid payment methods such as Entropay or e-wallets like PayPal or Neteller, you do not need to offer personal financial information like card or bank account numbers when depositing or withdrawing from an online casino.
Customers can buy a 16-digit Paysafecard PIN at any one of these outlets for the following amounts: $10, $25, $50, $75 or $100 (or at a PayPoint, you can acquire even higher sums of $125, $150 or $175). Then, with this 16-digit code, you can make a purchase at one of the thousands of online stores, or make a deposit at an online casino.
Once you have your 16-digit Paysafecard PIN, you can create an online account called my Paysafecard. This will allow you to store your purchased PINs and keep all the information centralised and secure.
What’s more, once you’ve opened a free Paysafecard account, you can make payments to online casinos with just your username and password. If you add multiple Paysafecard PINs to your online account, the total amount will aggregate, and all your funds will be available with just your log-in information.
Once you’ve found a suitable online casino, it’s merely a case of heading over to the cashier section. You should then be clearly presented with a Paysafecard option. Once you’ve selected it as your preferred method of deposit, you’ll be able to make a deposit into your player account.
Well, the clue isn’t always in the name. Nonetheless, Paysafecard is actually very safe for the simple fact that you don’t have to provide any personal details such as bank account information. So there’s no chance of any sensitive data being intercepted during online transfer. Here are a few guidelines to keep in mind when using Paysafecard.
Kind of a no-brainer this one – don’t share your Paysafecard pin by email or telephone. Although there’s very little chance of somebody monitoring your email or listening to your phone calls, you never know.
Unfortunately, security breaches are more common these days, especially now that many people use multiple devices for browsing. This means that passwords can occasionally fall into the hands of bad actors. So if you notice unusual activity on your Paysafecard account, you should immediately ask for it to be locked.
This goes for any payment option – never try to make a transaction at a CA online casino that is not encrypted with SSL technology. Should you come across a website that doesn’t feature the all-important browser padlock, you should hit the back button straight away and find another operator. These days, a fair number of online casinos use 256-bit encryption. Nevertheless, 128-bit encryption remains in use by the majority of operators and is still perfectly secure.
There is also a Paysafecard app which is available on iOS and Android platforms. Once downloaded, you can log into your account on the go. You can find your nearest Paysafecard PIN dispenser, check your balance and top up your account with new PINs.
Like other prepaid services or e-wallets, there is never any need to enter your credit card or bank account information at an online casino. In the case of Paysafecard, you’ll never have to enter this information online because the PINs are purchased physically in partner stores. This makes it unique from other similar services. The downside of using Paysafecard is you have to leave your house in order to credit funds, which is potentially inconvenient.
The fees associated with Paysafe tend to be low or non-existent on deposits and the timeframes tend to be fairly efficient. Generally speaking, an online casino will not charge you for making a deposit. But you will have to pay a maintenance fee of $3 to Paysafecard if you used an online account and store your pin. This will be deducted every month. If you chose to play an overseas online casino overseas (we obviously don’t recommend this), your Paysafe deposit may incur a currency conversion fee.
Unfortunately, it’s not possible to make a withdrawal using Paysafecard. The service was set up to make payments easier, not withdrawals. So if you’re lucky enough to actually win money at an online casino, you’ll have to find an alternative method. In fairness, this shouldn’t be too difficult considering the raft of options now available to players. If you’re not sure which one to use, visit our casino payment methods section, where you’ll find an extensive range of transaction specialists in multiple categories.
Paysafecard stacks up very well in comparison to other deposit/withdrawal services. As mentioned, there are no major fees attached and the transfer of funds is instant. It’s also very easy to use which means it works very well with gamers on the go who want to make deposits on their mobile phones. However, it’s worth keeping in mind that for CA customers, it’s no longer possible to top up a Paysafecard using a credit card. This is because new regulations in April 2020 prohibited the use of credit cards to deposit and withdraw at any online casino with a license. However, the use of debit cards is still permitted.
Paysafecard is no doubt an unorthodox way to pay for your online casino payments, requiring physical prepaid cards as opposed to doing all of the steps of the transaction online. What you do get in return, however, is an online casino payment method that is better at protecting your precious online banking details than just about anything else available online.
Paysafecard quickly cemented its position as the largest prepaid card payment provider in Canada and has no intention of letting it go. Their unmatched accessibility in the country, paired with similarly broad acceptance by online casinos, make them an excellent no-bank payment option.
Yes, Paysafecard is a widely available payment method in Canada, with prepaid cards available in tens of thousands of retail outlets across the country.
Yes, you can use Paysafecard at online casinos as a way to add funds into your account; however, Paysafecard does not support withdrawals.
You cannot cash out with prepaid cards from Paysafecard; you will need to set up a separate payment method to withdraw your online casino funds.